📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Bitcoin Fragile But There Is Hope: Glassnode Buyers Re-Entering Said! - Coin Bulletin
Bitcoin, while trading slightly below the cost base of short-term investors, maintains a fragile market structure, indicating a potential resurgence in demand in the SOPR metric.
Bitcoin (BTC), short-term investors briefly regained the cost base at $92,700 but is currently trading slightly below that level. The STH MVRV ratio is at 0.99, indicating that investors are on average at a 1% loss, signaling the continued fragile nature of the market.
According to Glassnode data, the situation of short-term investors continues to be an important indicator in determining the market direction. The fact that BTC cannot exceed the short-term investor cost base indicates that the profitability of this group is still at risk. When the MVRV (Market Value to Realized Value) metric falls below 1, the majority of investors sell at a loss, indicating that possible selling pressure continues.
On the other hand, Bitcoin's short-term investor SOPR (Spent Output Profit Ratio) metric fell significantly below the quarterly median last week and is currently recovering towards the upper deviation band. This situation may mean that demand is strengthening again and investors are starting to capture a more positive sentiment. According to past data, a rise in SOPR indicates that the market has absorbed selling pressure and buyers are starting to re-enter the market.
Considering the short-term investor behaviors of Bitcoin, market momentum could be expected to gain if the price exceeds these critical cost levels.